Ethereum price continued its upward trend above the $2,250 resistance line. ETH is up more than 10% and may continue to rise towards the $2,500 resistance. Ethereum is showing positive signs and recently broke above the $2,300 resistance level. The price is trading above $2,250 and the 100-hour simple moving average. The hourly chart of ETH/USD (data feed via Kraken) shows a major bullish trend line forming with support near $2,250. A break above the $2,320 resistance could extend the rally. Ethereum price rally extends Ethereum price, like Bitcoin, stayed in the positive area above $2,120. ETH continued its upward…
Author: Crypto Flexs
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Since Satoshi Nakamoto launched Bitcoin in 2009, cryptocurrencies have emerged as a viable asset class as well as a speculative investment.This means that in an ever-evolving financial landscape, cryptocurrencies have the potential to reshape traditional banking systems and disrupt the status quo when it comes to how people use their money.A natural expansion is the acceptance of Bitcoin and other cryptocurrencies as legitimate assets, allowing users to use their holdings as collateral to secure loans. The ability to obtain loans using cryptocurrencies is changing the way individuals perceive and interact with digital assets, opening up new possibilities for financial flexibility…
The Bank of Italy and the Bank of Korea recently formalized their cooperation through a Memorandum of Understanding (MOU) signed on December 5, 2023. This partnership marks a pivotal moment in the exploration and potential implementation of digital currencies by central banks, adding to growing global interest in the digitization of national currencies. The core of this MOU is mutual knowledge sharing, with a particular focus on information and communication technology (ICT) that supports real-time payment systems and CBDC. This is not the first cooperation project between the two banks. Previously, the two organizations had made joint efforts by collaborating…
Truly bipartisan legislative efforts are rare in Washington, D.C. these days, but Democratic Senators Elizabeth Warren and Joe Manchin and Republican Senators Lindsey Graham and Roger Marshall have come together to co-sponsor a bill focused on cryptocurrency crime. The Digital Asset Anti-Money Laundering Act of 2023 aims to close loopholes in the country’s anti-money laundering regulations, according to the senator. The bill would amend the Bank Secrecy Act and designate various digital asset providers as financial institutions. The Bank Secrecy Act establishes programs, recordkeeping, and reporting requirements for national banks, federal savings associations, federal branches, and foreign banking institutions. Digital…
New BNB Chain TVL Incentive Program Offers Up to $160,000 to opBNB-Based Web3 Projects – Chainwire housenewsroomNew BNB Chain TVL incentive program offers up to $160,000 to build opBNB-based Web3 projects We use cookies to make your experience on Chainwire’s website better. Cookies help us give you a more personalized experience, relevant advertising and provide us with web analytics. Technical storage or access is strictly necessary for the legitimate purpose of enabling the use of specific services explicitly requested by the subscriber or user, or for the sole purpose of transmitting communications over electronic communications networks. Technical storage…
France’s third-largest bank, Société Générale, is introducing a stablecoin called EUR CoinVertible (EURCV) on Luxembourg-based cryptocurrency exchange Bitstamp. Financial Times Reported on December 6th.Bitstamp’s website shows that the stablecoin is listed on the platform, but trading has not yet begun as of press time.What is EURCV?EURCV is an Ethereum-based euro-pegged stablecoin whose reserves are fully collateralized by cash reserves and high-quality securities. This will provide the bank’s customers with broad access to emerging digital asset markets.According to current data from Etherscan, the maximum total supply of the stablecoin is 10.5 million, with only five holders. Bitstamp holds 500,000 units of…
Cryptocurrency has revolutionized the world of finance, and Bitcoin is leading the way as a pioneer in blockchain technology. However, as the blockchain space evolves, there is a growing need for innovation and solutions to address the limitations of existing systems. This article explores the potential synergies between Bitcoin and Qtum technologies and takes a closer look at how Qtum’s innovative features can enhance and complement Bitcoin’s strengths. If you are interested in cryptocurrency trading, you may want to invest in reliable trading platforms such as: Syntrocoin.Bitcoin’s dominance in the cryptocurrency worldThe Rise of Bitcoin as Digital GoldBitcoin, often referred…
Elon Musk’s You can guess what happened next. This week we bring you these stories and more in cryptocurrency. Elimination of profits from regulatory decisions Bitcoin and other major cryptocurrencies have experienced a roller coaster of high volatility this week. An encouraging court decision kicked off the markets on Tuesday, but on Thursday the SEC announced news that brought markets back to reality, erasing gains from earlier in the week. The market as a whole hit a red candle in August, with the price of Bitcoin down nearly 11% at the end of the month. Bitcoin rally begins with grayscale…
Bitcoin price continued its upward trend above the $43,200 resistance level. BTC is now consolidating gains and could rise further towards the $45,000 area. Bitcoin is well above the $42,200 and $43,200 levels. The price is trading above $43,200 and the 100-hour simple moving average. The hourly chart of the BTC/USD pair (data feed from Kraken) shows two bullish trend lines forming with support near $43,200 and $41,800. The pair may correct downwards towards $43,200 before starting a new advance. Bitcoin price rally extends Bitcoin price maintained a steady upward trend above the $40,000 resistance zone. BTC is up more…
Coinbase allows users to send money globally through popular messaging apps such as WhatsApp, iMessage, and Telegram. Transactions are instant, free, and break down geographic barriers. To facilitate these transfers, both sender and recipient will need Coinbase Wallet. Cryptocurrency exchange giant Coinbase yesterday launched a groundbreaking service that allows users to send money globally through the well-known messaging and social media platform. The move aims to bring greater utility to digital wallets and attract new users to the thriving cryptocurrency market. Global remittance using messaging apps Coinbase now allows customers to send funds globally through popular messaging apps, including WhatsApp,…